Sat.Feb 03, 2024 - Fri.Feb 09, 2024

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All-Time Highs Usually Lead to More All-Time Highs in the Stock Market

A Wealth of Common Sense

A reader asks: Investing at all time highs is counterintuitive. Does it produce great returns because the market is forward-looking and investors are momentum investors? It doesn’t seem to make sense to buy just before a long severe bear market. I understand the worry here. All-time highs seem scary because every stock market crash in history started from one.

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Why Palantir Technologies Stock Skyrocketed as Much as 47% This Week

The Motley Fool

Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher this week, soaring as much as 47.5%, according to data supplied by S&P Global Market Intelligence. By the time the market closed on Friday, the stock was still up 43.2%. The catalyst that initially sent the data analytics and artificial intelligence (AI) systems pioneer higher was the company's better-than-expected results.

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Trending Sources

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EIG-backed MidOcean Energy to acquire SK Earthon’s 20 percent stake in Peru LNG

PE Hub

PLNG is operated by Hunt Oil Company and is one of only two LNG production facilities in Latin America. The post EIG-backed MidOcean Energy to acquire SK Earthon’s 20 percent stake in Peru LNG appeared first on PE Hub.

Stakes 252
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How To Afford a House These Days

Mr. Money Mustache

– The other day, an MMM reader stopped by and left the following comment on one of my older posts about the principles of FIRE: “While I still find some of MMM’s advice relevant, it seems like every FI blogger out there worked in tech 20 years ago, pulled down a 6 figure salary and bought a house for a bag of potatoes before 2019. I wasn’t smart enough to find FI when I was young so I sometimes feel like a lot of their advice is not going to help me or others who don’t already own a home a

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Can Anyone Challenge the Econmic Dominance of the United States?

A Wealth of Common Sense

Coming out of the Great Financial Crisis there was this running narrative that the United States economy was the cleanest dirty shirt in the laundry hamper. Yes, our economic recovery was tepid but the rest of the world was a mess. The European Union was falling apart. Emerging markets were in disarray. China seemed like it wanted to put up a fight for our economic seat on the throne but never made a serious attempt to di.

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Will Ripple (XRP) Reach $1?

The Motley Fool

On the cusp of a new era in digital finance, Ripple's XRP (CRYPTO: XRP) token presents a unique opportunity for the savvy investor. Stuck in a legal challenge from the U.S. Securities and Exchange Commission (SEC) since December 2020, this token disconnected from broader price trends in the crypto market for a while, but is back to mirroring the price changes of Bitcoin (CRYPTO: BTC) rather closely in the long term.

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Update from Jon Gray: Resilience & Reacceleration

Blackstone

2023 ended with a burst of deal activity at Blackstone – a sign of renewed optimism after the Fed’s extended rate-hiking campaign. Our president, Jon Gray, unpacks why we believe this is a particularly opportune moment for investing and outlines our three focus areas for the year. He also shares his view on where the real estate market is headed as the cost of capital declines.

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Gage Raises Seed Funding

FinSMEs

Gage, a St Simons Island, GA-based provider of a platform and mobile app designed to “Build a Better Workforce”, raised an undisclosed amount in Seed funding. The round saw participation from Eagle Venture Fund as well as a group of angel investors. The company intends to use the funds to expand operations and development efforts. […] The post Gage Raises Seed Funding appeared first on FinSMEs.

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Is SoFi Stock a Buy?

The Motley Fool

SoFi Technologies (NASDAQ: SOFI) just reported its 2023 fourth-quarter financial results. The market was very impressed, as shares shot up 20% immediately following the news, although they have come back down since the announcement on Jan. 29 (as of Feb. 1). The business beat Wall Street expectations for revenue and earnings, which is certainly a positive development.

Banks 263
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Animal Spirits: The Holy Grail of Investing

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts: See here for YCharts research on the best-performing ETFs of 2023 See here to register for the Future Proof Retreat in March! On today’s show, we discuss: Big tech stocks find little room for error after monster run US winning world economic war America Powers On via Goldman Sachs Why Tim Cook is going all in on the Apple Vision Pro GDPNow real GDP e.

Investing 105
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Do I need to use the (r) mark with my CFP designation?

Investment Writing

“Do I need to use the ® mark with my CFP designation”? This question spurred me to do some research on whether one must always write “CFP ®.” When I was active as a reporter, I never used the ® mark. In fact, I rarely included an interviewee’s CFP designation because space was tight. Upon doing research, I discovered that the rules for me as a reporter and blogger differ from the rules for you as a CFP certificant.

Legal 103
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AI.Fashion Raises $3.6M in Seed Funding

FinSMEs

AI.Fashion, a Los Angeles, CA-based leader in AI technology for the fashion industry, raised $3.6M in seed funding. The round was led by Neo. The Y Combinator backed company also announced the early access launch of its latest innovation, Persona by AI.Fashion. Launched in 2023 by experts from Google, Microsoft, and MIT and led by […] The post AI.Fashion Raises $3.6M in Seed Funding appeared first on FinSMEs.

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Billionaire Bill Ackman Has 31% of His Pershing Square Portfolio Invested in 2 Brilliant Stocks

The Motley Fool

Billionaire Bill Ackman runs Pershing Square Capital Management, a hedge fund that returned 234% over the last five years, crushing the 95% total return in the S&P 500. Pershing Square also beat the benchmark index over the last year and the last decade. That outperformance makes Ackman and his fund a worthwhile case study for investors. A closer look at the fund in the September quarter shows that Ackman had 31.4% of Pershing Square's portfolio invested in two stocks: 17.4% in Alphabet (NAS

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Macro is Hard

A Wealth of Common Sense

Think back to the economic set-up at the end in September 2022. The stock market was down 25% on the year. The latest inflation reading was still well over 8%. Interest rates had shot up. The Fed was raising rates aggressively. A recession was all but consensus. And why wouldn’t it be? That’s what the Fed was telling everybody! Jerome Powell gave a press conference at the time that echoed the dire sentiment in.

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Barratt to buy rival Redrow for £2.5bn

Financial Times M&A

UK housebuilder aims for £90mn in cost savings as developers deal with slowdown

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Kin Raises $15M in Funding

FinSMEs

Kin, a Chicago, IL-based digital, direct-to-consumer home insurance company, raised $15M in funding. The round was led by Activate Capital. The company intends to use the funds to expand operations and its business reach. Led by CEO Sean Harper, Kin is a pure-play, direct-to-consumer digital insurer focused on the homeowners insurance market, which makes homeowners […] The post Kin Raises $15M in Funding appeared first on FinSMEs.

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1 Artificial Intelligence (AI) Growth Stock to Buy Before It Soars 170%, According to a Wall Street Analyst

The Motley Fool

Investors often debate whether Tesla (NASDAQ: TSLA) is merely an electric carmaker masquerading as an artificial intelligence company or a genuine artificial intelligence company that also makes electric vehicles. For Morgan Stanley analyst Adam Jonas, there is no doubt Tesla fits into the latter category. His conviction is underscored by a bull-case price target of $500 per share, implying 170% upside from its current price.

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Vision Pro: Bullish For Apple, Bearish for Society

A Wealth of Common Sense

Vanity Fair ran a cover story last week about the new Apple Vision Pro: I suppose Tim Cook could have looked a little happier in this picture, but the aesthetics of the Vision Pro are not why you buy it. These things are going to look cringe for a while until we all get used to people wearing tech-laced ski goggles on their faces in public. What matters is the functionality once you’re inside this new world.

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Adam Neumann seeks to buy WeWork out of bankruptcy

Financial Times M&A

Entrepreneur says he is partnering with Third Point but hedge fund says it has not committed to participating in any deal

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6AM City Raises Series A Funding Round

FinSMEs

6AM City, a Greenville, SC-based local daily newsletter company, raised an undisclosed amount in Series A funding. The round was led by TEGNA Inc. with participation from existing investors American Investment Holdings, VentureSouth, and Harbright Ventures. The company intends to use the funds to accelerate its expansion into new markets. Led by CEO Ryan Johnston, […] The post 6AM City Raises Series A Funding Round appeared first on FinSMEs.

Funds 113
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64% of Warren Buffett's $371 Billion Portfolio Is Invested in Just 3 Stocks

The Motley Fool

For almost 60 years, the Oracle of Omaha has been dazzling Wall Street. I'm talking about Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since taking over as CEO in the mid-1960s, he has overseen a greater than 4,760,000% gain in his company's Class A shares (BRK.A). A seven-digit return is certainly going to get a money manager noticed -- and for good reason.

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At the Money: Stock Picking vs. Value Investing 

The Big Picture

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. (February 7, 2024) How much you pay for stocks really matters. Should value investing be part of that strategy? To find out more, I speak with Jeremy Schwartz, Global Chief Investment Officer of WisdomTree, leading the firm’s investment strategy team in the construction of equity Indexes, quantitative active strategies and multi-asset Model Portfolios.

Investing 114
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Private equity buys majority stake in US accounting firm Baker Tilly

Financial Times M&A

Hellman & Friedman-led deal is largest in a sector reconsidering its partnership model

Stakes 104
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Dexa Raises $6M in Seed Funding

FinSMEs

Dexa, a NYC-based AI-powered search engine specifically built with multi-modal content in mind, raised $6M in seed funding. The round was co-led by Abstract Ventures and The General Partnership, with participation from Maple VC,Vercel founder Guillermo Rauch, Terrence Rohan and Casey Caruso. The company, which also announced an exclusive partnership with Huberman Pod, a health podcast, intends to use the funds to further […] The post Dexa Raises $6M in Seed Funding appeared first on FinSME

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If You Invested $1,000 in Virgin Galactic Stock 5 Years Ago, This Is How Much You'd Have Now

The Motley Fool

Unlike Elon Musk's SpaceX and Jeff Bezos' Blue Origin, Richard Branson's Virgin Galactic (NYSE: SPCE) is publicly traded and has no shortage of hands buying and selling the stock on a daily basis. However, Virgin Galactic's long-term performance has been less than stellar. Still, eager traders might find excitement in the idea that Virgin Galactic stock's moon shot could be a "better late than never" type of event.

Investing 246
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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • So, you want to buy a sports team? Here’s how : Thinking about joining the likes of Ryan Reynolds, David Beckham, and (probably) Jeff Bezos in the mad scramble to land your own club? It’s suddenly the hottest pastime of the global super-rich – here’s how the game is played. ( GQ ) • Why Tim Cook Is Going All In on the Apple Vision Pro : Inside Apple Park, t

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Why Crypto-Mining Stocks Are Soaring This Week

The Motley Fool

Several crypto-mining stocks surged sky-high this week. Measured from last Friday's closing bell to today's market open, data from S&P Global Market Intelligence shows Riot Platforms (NASDAQ: RIOT) gaining 23%, Marathon Digital Holdings (NASDAQ: MARA) rising by 28%, and CleanSpark (NASDAQ: CLSK) leading the pack with a 56% jump. They all specialize in mining Bitcoin tokens, and the largest cryptocurrency's price increased by 10% over the same period.

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Why Datadog, Snowflake, and Other Cloud Stocks Rallied on Friday

The Motley Fool

One of the hallmarks of the recent economic downturn was a pause in the digital transformation, marked by a dramatic pullback in cloud spending, as companies turned to cloud optimization in an effort to more efficiently use their existing services. The financial results released by one company today suggest that customers are beginning to pile back into cloud services, which could mark the end of a historic dry spell.

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Is It Too Late to Buy Nvidia Stock Now?

The Motley Fool

Nvidia (NASDAQ: NVDA) stock has soared in recent times, climbing more than 200% over the past year, thanks to the company's crucial role in the high-growth area of artificial intelligence (AI). The tech giant's graphics processing units (GPUs) have become the go-to chip for powering AI models. Demand in the world of AI may be just getting started. The market, at a compound annual growth rate of 36%, could reach more than $1.3 trillion by 2030, according to a Markets and Markets report.

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4 Reasons to Buy Nvidia Stock Like There's No Tomorrow

The Motley Fool

Nvidia (NASDAQ: NVDA) became a Wall Street darling last year when a boom in artificial intelligence (AI) highlighted the massive potential of its business. Its stock climbed 214% since last February and has shown no signs of slowing, rising 40% since the start of 2024. The launch of OpenAI's ChatGPT reinvigorated interest in AI and caused countless tech firms to restructure their businesses to prioritize the developing market.

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A New Bull Market Has Begun. 1 Unstoppable Stock to Buy Hand Over Fist in 2024

The Motley Fool

The S&P 500 posted a new all-time high in January for the first time since late 2021. Hitting that new high marked the final step needed to confirm the bull market that began when the index bottomed in October 2022, after a brutal 24% plunge into bear territory. The broader market is also benefiting from earnings season, with most American companies currently reporting their financial results for the fourth quarter of 2023 (ended Dec. 31).

Banks 246
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Is Amazon Web Services (AWS) a Liability for Amazon?

The Motley Fool

Amazon (NASDAQ: AMZN) is known for e-commerce, but the company has a lot more going for it than that. It has a thriving service segment with third-party seller services, advertising, and subscriptions. And one segment that has received a lot of attention is Amazon Web Services (AWS), its cloud computing operation. While this segment used to be Amazon's best and brightest, it no longer holds that designation.

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On Paper, This Investment Strategy Has Been a Foolproof Moneymaker for Over a Century

The Motley Fool

On Wall Street, the only guarantee is that virtually no guarantees exist. Directional movements for Wall Street's major stock indexes -- the Dow Jones Industrial Average (DJINDICES: ^DJI) , S&P 500 (SNPINDEX: ^GSPC) , and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- are highly unpredictable over short periods. Since this decade began, the Dow Jones, S&P 500 , and Nasdaq Composite have bounced back and forth between bear and bull markets in successive years.

Investing 246
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77% of Older Americans Worry About Paying for Healthcare Expenses in Retirement. Funding This Account Could Help in a Big Way.

The Motley Fool

Once you retire, certain expenses of yours may go down. If you're no longer commuting, for example, you can expect to spend less on transportation. And if you pay off your mortgage ahead of retirement, you might spend less on housing, despite having to cover additional costs like property taxes, maintenance, and repairs. But there's one expense that tends to rise during retirement instead of fall, and it's healthcare.